"Smokers Are More Likely to Be Murdered Than Nonsmokers

question 101

Multiple Choice

"Smokers are more likely to be murdered than nonsmokers." This statement is an example of:

• A) the fallacy of unintended consequences.
• B) a positive economic statement.
• C) a normative economic statement.
• D) a value judgment.

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Definitions:

Operating ROA

A financial ratio that measures the efficiency of a company's operation by dividing its operating income by its total assets.

Net Profit

The amount of income that remains after all expenses, taxes, and costs have been subtracted from total revenue; a key indicator of a company's profitability.

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profit that includes all expenses except interest and income tax expenses.

Cash Flow Data

Information regarding the inflows and outflows of cash for a business or project, crucial for assessing liquidity and operational efficiency.